Market Pulse
US close: Equities rally despite mixed economic data and earnings
US stocks rallied on Monday, as investors were unfazed by a series of mixed economic reports and earnings.
EPA charges Volkswagen for emissions-cheating devices on 3-litre cars
The US Environmental Protection Agency has found Volkswagen used emissions-cheating 'defeat devices' on several larger-engine models, which could add $375m to existing fines.
Sector movers: Natural resource stocks up, banks and airlines in mixed session
Natural resources stocks bucked the commodities market decline to push the London market higher on Monday, even as metal prices stayed in a state of general decline.
Atalaya Mining sued for EUR16m by former director
Atalaya Mining, known until recently as EMED Mining, has been sued in the High Court by Astor Management AG, a vehicle owned by former director Ashwath Mehra.
Commodities: Oil, metal futures falter on weak Chinese data
Oil futures slipped back into the red on Monday, as European traders extended early losses in Asia on oversupply conditions coupled with weak Chinese data.
Europe close: Stocks end session in the green
European stocks reversed early losses to push higher as encouraging Eurozone manufacturing figures helped to offset mixed Chinese data.
London close: Stocks finish flat after mixed factory reports
UK equities finished broadly flat as investors sifted through a mixed batch of manufacturing reports.
FX Roundup: Pound higher as BoE policymakers prepare to meet
The pound sterling rose against a basket of currencies on Monday, with the Bank of England’s Monetary Policy Committee preparing to meet later this week, while the euro registered gains against the dollar.
FTSE 250 movers: Serco and Petra lift mid-caps
Recovering from an initial lurch lower, the FTSE 250 index scrambled higher over the course of Monday's session, helped by optimism in some mining investors.
JP Morgan ups IT to overweight, sees stocks extending gains
Sentiment in stockmarkets is no longer "depressed" and many tactical indicators have come out of 'buy' territory, but JP Morgan still expected shares to make further gains into the end of the year-end.
Pamplona Capital to acquire MedAssets for $2.7bn
Pamplona Capital Management announced it would acquire health care consultant MedAssets for $2. 7bn in cash.
Travis Perkins boosted by Deutsche Bank upgrade
Travis Perkins rallied after Deutsche Bank upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 2,234p from 1,991p.
US ISM manufacturing index hits lowest level since May 2013
The US ISM manufacturing index fell to its lowest level since May 2013 last month, figures released on Monday showed.
Gfinity plans fundraising after annual losses increase
Gfinity, the e-sports events organiser, has revealed wider full-year losses and plans to raise £1m via a discounted share placing to accelerate improvements to its online video channel and develop a mobile app.
US construction spending beats forecast in September
Construction spending in the US grew at a faster-than-expected pace in September, data released on Monday showed.
US open: Equities climb after manufacturing data
US stocks advanced early on Monday, as investors digested a raft of mixed manufacturing data and earnings reports.
FTSE 100 movers: Travis Perkins builds gains; Hikma slumps on generics business
London’s FTSE 100 was down 0. 1% to 6,355. 80 at 1445 GMT, as investors weighed up mixed Chinese manufacturing data against better-than-expected UK factory data, with broker notes providing much of the action.
Broker tips: RBS, easyJet, IAG, Serco
Exane BNP Paribas upgraded Royal Bank of Scotland to ‘outperform’ from ‘neutral’ and lifted the price target to 370p from 360p. Over the last year, the bank has maintained a relatively cautious investment stance on RBS.
Tuesday preview: ABF and Imperial Tobacco report full-year results
Primark owner Associated British Foods is expected to report a 5% drop in adjusted full-year earnings on Tuesday, reflecting challenges at its sugar division.
Morgan Stanley upgrades BP after cost cutting vigour
Morgan Stanley has upgraded BP to 'equal weight' from 'underweight' after its third-quarter results surprised on the upside as management continued to attack the cost base "with vigour".